(1) This regulation applies if:
(a) the securities clearing house was required under section 779E of the old Corporations Act, before the FSR commencement, to lodge written particulars relating to disciplinary action; and
(b) the securities clearing house had not complied with the requirement before the FSR commencement; and
(c) the period for compliance had not expired before the FSR commencement.
(2) On and after the FSR commencement, the requirement is taken to be a requirement under paragraph 821B(2)(b) of the Act.